US IPOs hit annual record in less than six months
They have already totalled $171 Bn, eclipsing the 2020 record of $168 Bn within six months into the year
Federal Reserve’s low interest rates and monetary stimulus in the wake of the COVID-19 triggered the IPO rush
The average one-day gain for US IPOs so far this year is 40.5%
This was 28.2% during the same period in 2020 and 21.7% in 2019
The average one-week return for 2021 is 35.7% which is higher than 32.2% in 2020 and 25.5% in 2019
By the end of the year, U.S. IPOs could raise $250 billion to $300 billion or more
The IPO rush has benefited not only traditional companies going public but also SPACs
